MPs question Thames Water and Ofwat
The Interim Co-Chief Executive Officers of Thames Water return to give evidence before the Environment, Food and Rural Affairs Committee next week, to answer MPs’ questions on Thames Water’s financial arrangements, in light of recent news reports surrounding the firm’s finances.
Meeting details
The cross-party Committee seek clarification on evidence submitted by witnesses in a hearing in July, in which MPs were told that the company’s shareholders had provided £500 million of equity. While the joint interim CEOs and the Chair of Thames Water have written to the EFRA Committee Chair on this matter, the Committee is keen to interrogate the full nature of this financing. MPs will also attempt to shed light on the future financial viability of Thames Water.
In next week’s session the Committee also questions Ofwat’s CEO, David Black, and the regulator’s Chair, Iain Coucher.